Short term - ES (September) possible smaller degree wave iv but
bulls must move from here as this is invalidated below 5450 and
losing morning lows would be a warning. New supply zone
formed overnight 5497-5510
Tricky here and one reason we haven't added much to watchlist -
remain nimble
Posted by DigiNomad on 14th of Jun 2024 at 02:26 pm
Seemed to be a reaction off of session VWAP. Might checkback
here, form a higher low and do the standard push into the close.
What's the saying? Something like: Joe's trade the open but pros
trade the close. The pros know Janet has no leash right now and is
trying to buy an election. Good luck getting in front of Fed
contract after contract after contract to NVDA, GOOG and the rest
of the bunch.
*checkback was complete by the time I wrote 4 sentences
Short term - ES (September)
9/6 ES Levels Sept Contract (ESU24)
Posted by steve on 14th of Jun 2024 at 08:43 am
Short term - ES (September) possible smaller degree wave iv but bulls must move from here as this is invalidated below 5450 and losing morning lows would be a warning. New supply zone formed overnight 5497-5510
Tricky here and one reason we haven't added much to watchlist - remain nimble
ES managed to grind up
Posted by steve on 14th of Jun 2024 at 01:48 pm
ES managed to grind up to supply zone posted earlier
Nice quick reaction off supply
Posted by steve on 14th of Jun 2024 at 01:59 pm
Nice quick reaction off supply - initial test typically produces a fade
Seemed to be a reaction
Posted by DigiNomad on 14th of Jun 2024 at 02:26 pm
Seemed to be a reaction off of session VWAP. Might checkback here, form a higher low and do the standard push into the close. What's the saying? Something like: Joe's trade the open but pros trade the close. The pros know Janet has no leash right now and is trying to buy an election. Good luck getting in front of Fed contract after contract after contract to NVDA, GOOG and the rest of the bunch.
*checkback was complete by the time I wrote 4 sentences
Redrawn to support Steve's point:
Posted by DigiNomad on 14th of Jun 2024 at 01:54 pm
Redrawn to support Steve's point:
SPY - Looks like channelingstocks.comto
Posted by elementsix on 14th of Jun 2024 at 02:57 pm
SPY - Looks like channelingstocks.comto me...
Q? Believe September should be
Posted by mkwalsh on 14th of Jun 2024 at 08:49 am
Q? Believe September should be U. FYI
Yes thanks - corrected typo.
Posted by steve on 14th of Jun 2024 at 08:54 am
Yes thanks - corrected typo. Much appreciated